The Largest Car Companies in the World (New)

PHOTO CREDIT: TEIA | Flickr

The global auto industry is highly competitive, and it is dominated by companies in Europe, Japan, the United States, and South Korea.  Volkswagen, Toyota, and Daimler are the three leading passenger car manufacturers in the world.

In 2020, the Volkswagen Group, previously number one on our list, was replaced. Japanese automaker Toyota becomes the new No.1 and dethrones General Motors (GM) to become America’s top-selling automaker in 2021, ending General Motors' 90-year domination of the market.

With 2022 shaping up to be another competitive year for the global auto industry, we've compiled a list of the world's largest car companies (based on 2021 revenue).

Source: fortune.com/global500/

There’s a quiet revolution underway in the automotive world: the transition to low- and no-emission vehicles. After struggling to produce cars because of a global auto chip shortage, automakers are trying to move quickly to making electric vehicles.

Car companies have seen the future, and the future is electric cars. The key to winning the market is to have better products and services.

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